Bombardier Commercial Aircraft and EgyptAir Holding Company have announced that the parties have executed a firm agreement for the sale and purchase of 12 CS300 aircraft along with purchase rights for an additional 12 CS300 aircraft.
EgyptAir’s Letter of Intent (LOI) was previously announced on November 14 during the 2017 Dubai Air Show.
Based on the list price of the CS300 airliner, the firm-order contract would be valued at approximately US $1.1 billion. Should EgyptAir exercise the 12 purchase rights for CS300 aircraft, the contract value would increase to nearly US $2.2 billion.
Bombardier Commercial Aircraft announced on November 14, 2017, from the Dubai Airshow, that it has signed a letter of intent (LOI) for up to 24 CS300 aircraft with EgyptAir Holding Company, of Cairo. This includes 12 CS300 aircraft with purchase rights for an additional 12 aircraft.
Based on the list price of the CS300 airliner, a firm-order contract would be valued at approximately $1.1 billion US. Should EgyptAir also exercise the 12 purchase rights for CS300 aircraft, the contract value would increase to nearly $2.2 billion US.
Boeing and AerCap announced at the 2017 Dubai Airshow that EgyptAir will lease six Boeing 787-9 Dreamliners.
EgyptAir, the national flag of Egypt, is leasing the airplanes from Dublin-based AerCap, the world’s largest 787 customer with more than 115 787s owned or on order.
EgyptAir’s selection of the Dreamliner builds on its long-term partnership with Boeing, which dates back to 1966 with the airline’s order for three 707s. Today, the carrier’s fleet includes a mix of Boeing 777s and 737s.
In other news, AerCap and EgyptAir announced they have reached agreement on the long-term operating lease of 15 Airbus A320neo aircraft, powered by CFM International’s LEAP-1A engine. These aircraft are from AerCap’s order book with Airbus and are scheduled to deliver in 2020.
The announcement was made during the 2017 Dubai Airshow.
AerCap is the world’s largest lessor of the A320neo Family, with 220 owned and on order.
EgyptAir flight MS 804 was a regularly scheduled international flight from Paris
(Charles de Gaulle Airport) to Cairo International Airport in Egypt.
The flight went missing over the Mediterranean Sea in an area between Greece and Egypt on May 19, 2016.
56passengers and 10 crew members were on board the pictured Airbus A320-232 SU-GCC.
Egyptian authorities believe the plane most likely crashed into the sea.
According to Wikipedia, “Greek Defence Minister Panos Kammenos said that, based on radar data, flight MS 804 veered off course shortly after entering the Egyptian Flight Information Region (FIR). At an altitude of 37,000 feet, the aircraft made a 90-degree left turn, followed by a 360-degree right turn and began to descend. Radar contact was lost at an altitude of about 10,000 feet.”